Mexico - Global Indicator of Economic Activity (IGAE)

by Eduardo Petazze
Last Updated: January 25, 2015
In 2015 it is estimated that Mexico's GDP will grow by 2.5%, from a growth of 2.25% in 2014.
In the 3Q2015 the Mexican GDP grew 2.64% YoY, from 2.35% YoY in the 2Q2015.
In November 2015, the IGAE grew 2.70% YoY (+ 0.12% MoM), driven by the service sector.

INEGI Links:
Real Gross Domestic Product (GDP) - Nominal GDP
Real GDP 3Q2015 pdf, 9 pages At current prices pdf, 2 pages
Global Indicator of Economic Activity (IGAE)
IGAE November 2015 pdf, 8 pages

GDP data (NSA)

GDP
12,256,863
11,680,749
12,277,659
12,774,243
13,287,534
13,466,299
13,769,334
14,117,847
14,475,124
14,837,759

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Latest data
Own estimate

GDP
2013Q1 13,103,476
2013Q2 13,392,175
2013Q3 13,432,453
2013Q4 13,937,094
2014Q1 13,403,758
2014Q2 13,629,334
2014Q3 13,741,125
2014Q4 14,303,119
2015Q1 13,743,838
2015Q2 13,949,343
2015Q3 14,104,311
2015Q4 14,673,896
2016Q1 14,102,888
2016Q2 14,298,547
2016Q3 14,459,115
2016Q4 15,039,948
Latest data
Own estimate

YoY
1.40%
-4.70%
5.11%
4.04%
4.02%
1.35%
2.25%
2.53%
2.53%
2.51%

Million (2008) pesos, NSA

Taxes
GVA
1st
315,664 11,941,199 392,984
300,809 11,379,940 383,159
316,480 11,961,179 386,056
328,823 12,445,420 377,193
342,304 12,945,230 405,253
347,097 13,119,203 409,100
363,982 13,405,352 426,816
379,016 13,738,831 438,542
374,283 14,100,841 450,047
371,286 14,466,473 462,894

2nd
4,365,207
4,094,017
4,280,609
4,427,598
4,554,217
4,529,242
4,645,143
4,691,094
4,726,301
4,761,778

3rd
7,183,008
6,902,764
7,294,514
7,640,629
7,985,759
8,180,860
8,333,393
8,609,195
8,924,493
9,241,802

YoY
0.96%
1.73%
1.55%
1.14%
2.29%
1.77%
2.30%
2.63%
2.54%
2.35%
2.64%
2.59%
2.61%
2.50%
2.52%
2.49%

Million (2008) pesos, NSA

Taxes
GVA
1st
337,789 12,765,687 365,856
345,251 13,046,924 440,325
346,231 13,086,222 333,192
359,115 13,577,979 497,028
356,238 13,047,519 385,942
367,678 13,261,656 455,834
355,699 13,385,426 358,851
376,311 13,926,808 506,638
372,983 13,370,855 397,133
387,975 13,561,368 467,545
372,123 13,732,188 373,644
382,981 14,290,915 515,847
378,741 13,724,147 409,157
360,124 13,938,423 480,903
382,040 14,077,075 377,074
376,228 14,663,720 533,055

2nd
4,379,544
4,517,858
4,575,593
4,643,975
4,496,514
4,599,484
4,708,465
4,776,109
4,570,946
4,629,200
4,766,625
4,797,606
4,601,509
4,675,765
4,789,715
4,838,214

3rd
8,020,287
8,088,741
8,177,437
8,436,977
8,165,063
8,206,339
8,318,110
8,644,061
8,402,775
8,464,623
8,591,919
8,977,463
8,713,482
8,781,755
8,910,286
9,292,451

IGAE data
2008=100
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Latest data
Own estimate
2008=100
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
2015Q1
2015Q2
2015Q3
2015Q4
2016Q1
2016Q2
2016Q3
2016Q4
Latest data
Own estimate
2008=100
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Latest data
Own estimate

IGAE Not seasonally adjusted

Total
YoY
1st
2nd
3rd
100.00 1.32% 100.00 100.00 100.00
95.31 -4.69% 97.41 93.79 96.16
100.20 5.14% 98.08 98.06 101.67
104.30 4.09% 95.84 101.43 106.57
108.51 4.03% 103.44 104.33 111.42
109.98 1.35% 104.60 103.76 114.19
112.33 2.13% 108.59 106.41 116.26
115.15 2.52% 111.85 107.47 120.15
118.07 2.53% 114.65 108.28 124.39
121.04 2.52% 117.84 109.09 128.68

IGAE Seasonally adjusted

Total
YoY
1st
2nd
99.86 1.20% 99.35 99.82
95.29 -4.57% 97.10 93.77
100.17 5.12% 98.22 98.06
104.31 4.13% 96.38 101.45
108.46 3.99% 103.25 104.27
109.96 1.38% 104.38 103.78
112.31 2.14% 108.63 106.41
115.15 2.53% 111.85 107.47
118.07 2.53% 114.65 108.28
121.04 2.52% 117.84 109.09

3rd
99.87
96.14
101.64
106.58
111.38
114.16
116.24
120.15
124.39
128.68

IGAE Not seasonally adjusted

Total
YoY
1st
2nd
3rd
107.02 0.93% 93.99 100.33 111.94
109.36 1.72% 113.10 103.50 112.87
109.64 1.55% 84.20 104.82 114.03
113.89 1.22% 127.10 106.39 117.93
109.37 2.19% 98.78 103.01 113.94
111.14 1.63% 116.55 105.37 114.51
112.12 2.26% 90.44 107.86 115.95
116.67 2.44% 128.58 109.41 120.63
112.11 2.51% 101.65 104.71 117.34
113.68 2.28% 119.63 106.05 118.19
115.11 2.66% 95.01 109.22 119.89
119.70 2.60% 131.12 109.91 125.19
115.03 2.60% 104.31 105.42 121.50
116.59 2.56% 122.67 107.12 122.43
117.96 2.47% 95.99 109.73 124.18
122.69 2.50% 135.62 110.84 129.45

IGAE Seasonally adjusted

Total
QoQ
1st
2nd
109.61 0.05% 103.09 103.90
109.33 -0.26% 104.75 103.21
110.21 0.80% 101.75 103.68
110.69 0.44% 107.92 104.32
111.18 0.45% 108.68 105.44
112.10 0.83% 107.94 106.33
112.58 0.42% 108.85 106.63
113.38 0.71% 109.08 107.22
113.95 2.49% 110.59 107.25
114.68 2.30% 111.02 107.11
115.63 2.71% 114.69 107.83
116.34 2.61% 111.11 107.70
117.00 2.67% 113.83 108.06
117.35 2.33% 113.50 107.84
118.55 2.52% 116.38 108.55
119.37 2.61% 114.88 108.66

3rd
113.73
113.35
114.74
114.84
115.06
115.85
116.63
117.43
118.45
119.57
120.65
121.92
122.76
123.63
124.94
126.22

IGAE Not seasonally adjusted

Total
YoY
1st
2nd
3rd
116.19 2.40% 91.72 112.55 119.78
117.09 1.83% 142.00 108.75 121.04
116.74 3.11% 152.03 106.94 121.07
111.75 2.24% 123.25 104.53 115.70
109.99 2.57% 100.59 101.75 115.69
114.60 2.72% 81.11 107.86 120.62
111.28 2.16% 103.15 104.69 115.88
114.34 1.43% 133.09 106.39 118.37
115.43 3.27% 122.64 107.06 120.33
116.11 2.05% 114.63 109.60 120.30
114.79 2.66% 90.78 109.26 119.56
114.42 3.30% 79.61 108.79 119.81
118.92 2.35% 94.44 113.25 123.78
120.25 2.70% 145.05 108.84 126.14
119.94 2.74% 153.87 107.65 125.63
114.65 2.59% 121.80 105.41 119.95
112.76 2.51% 104.80 102.46 119.66
117.70 2.70% 86.33 108.39 124.87
114.36 2.77% 104.40 105.77 120.40
117.63 2.88% 133.52 108.01 123.00
117.78 2.04% 130.11 107.57 123.88

IGAE Seasonally adjusted

Total
MoM
1st
2nd
113.09 0.47% 107.76 106.94
113.66 0.50% 107.11 107.45
113.39 -0.23% 112.35 107.27
113.85 0.40% 114.61 106.99
114.21 0.31% 110.03 107.34
113.80 -0.35% 107.12 107.41
114.57 0.68% 112.17 107.50
114.49 -0.07% 114.56 106.61
114.98 0.43% 106.34 107.22
115.16 0.16% 110.65 107.58
115.71 0.48% 116.72 107.78
116.02 0.27% 116.69 108.13
116.27 0.21% 111.29 107.98
116.40 0.12% 110.56 107.42
116.36 -0.04% 111.49 107.71
116.65 0.25% 115.73 107.78
117.10 0.39% 114.32 108.01
117.24 0.11% 111.44 108.39
117.25 0.01% 113.35 108.19
117.05 -0.17% 115.52 107.47
117.77 0.62% 111.63 107.86

3rd
117.23
117.61
117.44
118.13
118.63
118.60
119.03
119.49
120.20
120.09
120.70
121.16
121.73
122.06
121.98
122.25
122.84
123.18
123.27
123.27
124.37